Acquisition of Monumental 247 Megawatt Solar Cluster in Spain: Lightsource BP Celebrates a Milestone in Renewable Energy

Plenium Partners, in collaboration with Bankinter Investment, have acquired a monumental 247 megawatt capacity cluster of solar powered projects in Spain. The five separate solar facilities are located in the country’s Aragón district and achieved operational readiness this year. Though the terms of the transaction remain undisclosed, Lightsource BP, the original owner of the sites, celebrated the move as an important step in furthering Spain’s renewable energy ambitions.Kareen Boutonnat, CEO for Europe and Asia Pacific at Lightsource BP, elaborated on the company’s role in facilitating such transactions; “These sort of deals demonstrate our trusted partnership capabilities, our commitment to delivering quality constructed and operated assets that contribute to Plenium Partners and Bankinter Investment’s green objectives.”In addition to EY serving as financial advisor for Lightsource BP during the proceedings, similarly Uría Menéndez was chosen as their legal counsel while Plenium and Bankinter sought representation from Gómez-Acebo & Pombo. With 130 employees working on a 4 gigawatt production line last year alone, it is clear Lightsource BP is pushing hard towards meeting its own standards for renewable energy generation in Spain.

Summary

• Lightsource BP has agreed the sale of a 247MW cluster of solar projects in Spain to independent renewable energy investor Plenium Partners and Bankinter Investment.
• The asset comprises five solar installations in Aragón and has been in operation since 2021.
• Kareen Boutonnat, CEO for EMEA and APAC at Lightsource BP, said: „Transactions like these demonstrate our strong credentials in delivering quality constructed and operational assets as a trusted partner.“

What was the value of the transaction between Lightsource BP, Plenium Partners and Bankinter Investment?

The value of the transaction has not been disclosed.

You might also like this article: Herausforderungen für die deutsche Bauwirtschaft: Einbrechen der Baugenehmigungen und Stornierungswelle.
Picture source: Andreas Gücklhorn